Northern Trust Corp. (NTRS) Shares Sold by Gofen & Glossberg LLC IL
Gofen & Glossberg LLC IL decreased its stake in Northern Trust Corp. (NASDAQ:NTRS) by 0.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,184 shares of the company’s stock after selling 29 shares during the period. Gofen & Glossberg LLC IL owned 0.07% of Northern Trust Corp. worth $10,347,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of NTRS. Envestnet Asset Management Inc. increased its stake in Northern Trust Corp. by 3.8% in the first quarter. Envestnet Asset Management Inc. now owns 36,283 shares of the company’s stock valued at $2,365,000 after buying an additional 1,324 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in Northern Trust Corp. during the first quarter valued at about $1,530,000. Panagora Asset Management Inc. increased its stake in Northern Trust Corp. by 269.5% in the first quarter. Panagora Asset Management Inc. now owns 199,161 shares of the company’s stock valued at $12,979,000 after buying an additional 145,265 shares in the last quarter. Eachwin Capital LP purchased a new stake in Northern Trust Corp. during the first quarter valued at about $431,000. Finally, Arizona State Retirement System increased its stake in Northern Trust Corp. by 1.6% in the first quarter. Arizona State Retirement System now owns 58,404 shares of the company’s stock valued at $3,806,000 after buying an additional 900 shares in the last quarter. 81.31% of the stock is currently owned by institutional investors and hedge funds.
Northern Trust Corp. (NASDAQ:NTRS) traded up 0.48% during trading on Monday, reaching $81.89. The company had a trading volume of 1,150,098 shares. Northern Trust Corp. has a one year low of $54.38 and a one year high of $83.09. The company has a market capitalization of $18.54 billion, a price-to-earnings ratio of 19.51 and a beta of 1.02. The company has a 50-day moving average price of $73.81 and a 200 day moving average price of $70.11.
Northern Trust Corp. (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The firm earned $1.22 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Northern Trust Corp. had a net margin of 19.58% and a return on equity of 11.55%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. Analysts expect that Northern Trust Corp. will post $4.29 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Friday, December 2nd will be paid a $0.38 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $1.52 annualized dividend and a yield of 1.86%. Northern Trust Corp.’s dividend payout ratio (DPR) is 36.45%.
NTRS has been the topic of several recent research reports. Zacks Investment Research raised Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Wednesday, October 5th. Jefferies Group reaffirmed a “hold” rating and issued a $77.00 target price on shares of Northern Trust Corp. in a research report on Monday, October 10th. lifted their target price on Northern Trust Corp. from $70.00 to $73.00 and gave the company an “underperform” rating in a research report on Friday, September 23rd. Finally, Deutsche Bank AG lifted their target price on Northern Trust Corp. from $75.00 to $76.00 and gave the company a “hold” rating in a research report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $73.42.
In other Northern Trust Corp. news, insider Steven L. Fradkin sold 323,192 shares of the stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $80.98, for a total value of $26,172,088.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Clair Joyce St sold 5,748 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $69.00, for a total transaction of $396,612.00. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
About Northern Trust Corp.
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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